After resigning in 2013, Otellini admitted that he had one regret when he served as CEO of Intel. He regrets that he is not fighting harder to make sure Apple uses Intel-made processors on the iPhone. As a result, Intel is now losing momentum in the smartphone revolution.
"We are saddened by the death of Paul," Intel CEO Brian Krzanich said in an official statement. "He voiced his opinion among the techs and he taught us that we can only win if we put consumers first."
Otellini first joined Intel in 1974. Since then, he has held various positions, including Chief Operating Officer from 2003 to 2005. He has worked for Intel for almost 40 years. His appointment as CEO was an interesting thing, considering he was the first Intel CEO who never became a technician.
Another achievement of Otellini is that it succeeded in "changing the structure of operations and costs for growth over the long term, making Intel a leader in the server market segment, and sustaining profits in the global recession."
"Intel earns more revenue over the past eight years as CEO than 45 years," Intel said in an official statement.